1st Class Real Estate Franchise FDD, Profits & Costs (2025)
1st Class Real Estate is a fast-growing franchise in the real estate sector, launched by Rhyan Finch in 2012. Initially based in Virginia Beach, Virginia, the company has expanded significantly under Finch’s leadership, establishing a presence in multiple states across the U.S.
The franchise emerged from Finch’s deep expertise in real estate, particularly in distressed properties during a challenging market period. His success led to the formation of a high-performing team, which ultimately laid the foundation for 1st Class Real Estate.
Operating from its headquarters in Virginia Beach, 1st Class Real Estate began franchising shortly after its launch, gaining momentum through an innovative approach and a strong commitment to franchisee success.
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Initial Investment
How much does it cost to start a 1st Class Real Estate franchise? It costs on average between $31,000 – $159,000 to start a 1st Class Real Estate franchised office.
This includes expenses for office setup, technology, marketing materials, and initial operational costs. The total investment varies based on several factors, such as the office location, market size, and whether the franchisee opts to lease or buy the property. 1st Class Real Estate offers 2 franchise options:
| Franchise Model | Initial Investment Range |
|---|---|
| 1st Class Real Estate Virtual Model | $31,050 – $43,450 |
| 1st Class Real Estate Standard Model | $51,950 – $159,450 |
We are summarizing below the main costs associated with opening a1st Class Real Estate Standard Model franchise. For more information on costs required to start a 1st Class Real Estate franchise, refer to the Franchise Disclosure Document (Item 7).
| Type of Expenditure | Estimated Amount |
|---|---|
| Initial Franchise Fee | $25,000 – $25,000 |
| Initial Training and Onboarding Fee | $950 – $950 |
| Leasehold Improvements | $5,000 – $30,000 |
| Rent and Security Deposit | $500 – $10,000 |
| Signage | $500 – $10,000 |
| Equipment and Furniture | $5,000 – $50,000 |
| Computers and Software | $6,000 – $8,000 |
| Start-up Supplies/Advertising Materials | $2,000 – $3,000 |
| Insurance | $1,000 – $1,500 |
| Professional Fees | $1,500 – $3,500 |
| Licensing Costs | $500 – $2,500 |
| Additional Funds (3 months) | $4,000 – $15,000 |
| TOTAL | $51,950 – $159,450 |
Competitors
Below are a few 1st Class Real Estate competitors as a comparison:
The most profitable franchises to own in 2025
We have compiled the list of the top 400 franchises across 9 industries. Download the report below.
1st Class Real Estate Franchise Disclosure Document
Frequently Asked Questions
How many 1st Class Real Estate locations are there?
As of the latest available data, 1st Class Real Estate has expanded to over 100 franchise locations nationwide. Additionally, the company has over 4,000 agents operating across the United States and Canada.
What is the total investment required to open a 1st Class Real Estate franchise?
The total investment required to open a 1st Class Real Estate franchise ranges from $31,000 to $159,000.
What are the ongoing fees for a 1st Class Real Estate franchise?
1st Class Real Estate structures its ongoing fees to minimize costs for franchisees. Instead of traditional royalty and marketing fees, the company charges a technology fee of $50 per user and a transaction fee of $200 per transaction. Currently, there are no additional marketing fees imposed on franchisees
What are the financial requirements to become a 1st Class Real Estate franchisee?
To become a 1st Class Real Estate franchisee, candidates are typically required to have a minimum net worth of $100,000. Additionally, the initial cash investment ranges from $12,500 to $210,000, which includes liquid capital to cover startup costs and initial operations.
Who owns 1st Class Real Estate?
1st Class Real Estate franchise is owned by Rhyan Finch, who founded the company in 2012. Under his leadership, the company has expanded significantly, offering a franchise model that supports real estate agents with proven systems, training, and technology to help them grow their businesses.
Disclaimer
Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
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